Philippines Bets on Better Infrastructure

By

Cris Larano

Jun 3, 2014 4:15 am ET

The Philippine government is betting on increased infrastructure spending to sustain economic growth, which slipped below expectations in the first quarter after a string of natural disasters late last year hobbled domestic output.

The Department of Budget and Management has laid out a plan to bolster government spending on public infrastructure–roads, airports, water supply, transportation–to 5% of gross domestic product by the time President Benigno Aquino III leaves office in 2016, up from 1.8% when he took power in June 2010.

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